For the last decade, China and India have grown at an amazing rate—particularly considering the greatest downturn in the U.S. and Europe since the Great Depression. As a result, both countries are forecast to have larger economies than the U.S. or EU in the years ahead. Still, in the last year, signs of a slowdown have hit these two giants. Which way will these giants go? And how will that affect the global economy? Any Western corporation, investor, or entrepreneur serious about competing internationally must understand what makes them tick. Unfortunately, many in the West still look at the two Asian giants as monoliths, closely controlled mainly by their national governments. Inside Out, India and China makes clear how and why this notion is outdated. William Antholis—a former White House and State Department official, and the managing director at Brookings—spent five months in India and China, travelling to over 20 states and provinces in both countries. He explored the enormously diversity in business, governance, and culture of these nations, temporarily relocating his entire family to Asia. His travels, research, and interviews with key stakeholders make the unmistakable point that these nations are not the immobile, centrally directed economies and structures of the past. More and more, key policy decisions in India and China are formulated and implemented by local governments—states, provinces, and fast-growing cities. Both economies have promoted entrepreneurship, both by private sector and also local government officials. Some strategies work. Others are fatally flawed. Antholis’s detailed narratives of local innovation in governance and business—as well as local failures—prove the point that simply maintaining a presence in Beijing and New Delhi – or even Shanghai and Mumbai —is not enough to ensure success in China or India, just as one cannot expect to succeed in America simply by setting up in Washington or New York. Each nation is as large, vibrant, innovative, diverse, and increasingly decentralized as are the United States, Europe and all of Latin America … combined. China and India each have their own agricultural heartlands, high-tech corridors, resource-rich areas, and powerhouse manufacturing regions. They also have major economic, social, environmental challenges facing them. But few people outside these countries can name those places, or have a mental map of how the local parts of these countries are shaping their global futures. Organizations, businesses, and other governments that do not recognize and plan for this evolution may miss that the most important changes in these emerging giants are coming from the inside out. “This book is for people who wonder about the inside of China and India, and how different local perspectives inside those countries shape actions outside their borders. Though my family and I spent five months traveling in both countries to do research, this book is not a travelogue. Rather, it is an attempt to sketch how a few of China’s and India’s many component parts are being shaped by global forces—and in turn are shaping those forces—and what that means for Americans and Europeans conducting diplomacy and doing business there.”—from the Introduction

Deborah Fallows has spent a lot of her life learning languages and traveling around the world. But nothing prepared her for the surprises of learning Mandarin, China's most common language, or the intensity of living in Shanghai and Beijing. Over time, she realized that her struggles and triumphs in studying learning the language of her adopted home provided small clues to deciphering behavior and habits of its people, and its culture's conundrums. As her skill with Mandarin increased, bits of the language - a word, a phrase, an oddity of grammar - became windows into understanding romance, humor, protocol, relationships, and the overflowing humanity of modern China. Fallows learned, for example, that the abrupt, blunt way of speaking which Chinese people sometimes use isn't rudeness, but is, in fact a way to acknowledge and honor the closeness between two friends. She learned that English speakers' trouble with hearing or saying tones-the variations in inflection that can change a word's meaning-is matched by Chinese speakers' inability not to hear tones, or to even take a guess at understanding what might have been meant when foreigners misuse them. Dreaming in Chinese is the story of what Deborah Fallows discovered about the Chinese language, and how that helped her make sense of what had at first seemed like the chaos and contradiction of everyday life in China.

This book and its companion volume offer a better understanding of the lessons that Indian policymakers can learn from China’s economic experience over the last 40 years. The aim of the two books together is to evaluate China’s incremental reforms and how these reforms have impacted on the Chinese economy, based on a classical rather than from a neoclassical perspective using a case study method. In this second volume, the author examines knowledge creation, knowledge spillovers and entrepreneurship across both China and India. The comparative study places the theoretical analysis of the previous volume in a real-world context of how China’s economic reforms since 1978 have actually impacted on the country. Its real-world findings of the Chinese economy present a complete perspective on China’s lessons for India as well as at a global context.

Prodigy Books is committed to providing publisher-quality, low-cost, outstanding educational content to teachers, students, and parents around the world. This book is the second of four volumes in Chinese 2, containing lessons 46 - 90. Volume I: Lessons 1 - 45 Volume II: Lessons 46 - 90 Volume III: Lessons 91 - 135 Volume IV: Lessons 136 - 180 This title is part of the Prodigy Books Textbook Series.

Prodigy Books is committed to providing publisher-quality, low-cost, outstanding educational content to teachers, students, and parents around the world. This book is the first of four volumes in Chinese 2, containing lessons 1 - 45. Volume I: Lessons 1 - 45 Volume II: Lessons 46 - 90 Volume III: Lessons 91 - 135 Volume IV: Lessons 136 - 180 This title is part of the Prodigy Books Textbook Series.